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20121208
20121208
STATION
CSPAN 4
CNBC 2
KGO (ABC) 1
LANGUAGE
Search Results 0 to 7 of about 8 (some duplicates have been removed)
CSPAN
Dec 7, 2012 8:00pm EST
to the fiscal cliff that is threatening our economy and jobs the white house has wasted another week. secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on and had more stimulus spending than in cuts. and an indefinite increase in the debt limit like for ever. now four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no count offer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe he's got an obligation to families and small businesses to offer a plan of his own, a plan that can
CSPAN
Dec 8, 2012 2:00pm EST
the government point of view, everybody is talking about jobs and the fiscal cliff. everyone talks about taxes and what is going to happen with the fiscal cliff. there has been $1500 gone to increase oil prices. you can get them that tax cut today if you invested in our report. everybody talks about entitlements. high oil prices make the social security trust insolvent five years sooner than they would if he did not have high oil prices. america needs jobs and growth. following the recommendations in our report will lead to both of those. it would be good for american business. >> i will start with senator alexander. tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't spend much money on energy. energy research is about $6 billion a year. i would like to see it doubled. this report is a blueprint for independence and i think it is
CSPAN
Dec 7, 2012 10:30pm EST
. this is not a progress report because there is no progress to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. eight days ago, secretary geithner kaine your to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts, and it had an indefinite and infinite increase in the debt limit, like forever. four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to push our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. even if the president got the tax rate hike he wanted, understand we will continue to see $1 trillion deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president does not agree wit
CNBC
Dec 8, 2012 4:00am EST
it anymore -- fiscal cliff is? today we got an incredible employment report from the labor department. with 146,000 new jobs. i was looking for 90,000. the unemployment rate dropping to 7.7. i thought it might be 8%. and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week is monday. but not for any earnings. not for any releases. that's when we process the results of the weekend talk shows, which you now have to watch as if we were instead of watching, you know, colleg
CSPAN
Dec 8, 2012 7:00am EST
up this year, although it is now drifting back downward on account of the fiscal cliff is people feel a little bit more secure in their jobs. they know their company's in pretty good shape. what we need to see next are companies starting to grow, get more demand for treer products and services and start hiring. let's hope we see it in 2013. host: morgantown, go ahead? caller: yeah, i think george bush sold all our jobs overseas, and he ought to be sell all that oil he got and give the money to the people where they can take that money they've got there overseas -- caller: yeah, mr. newman, i think it is. you've really got some good points. but i was wondering, can you give me an answer for this theory i got. we got to remember that we were living in this bubble and we're never, ever, and we shouldn't ever try to get back to that inflated, unnatural way that we lived. we all don't need a big 50 inch screen tv. i mean, it's got to start at home. we have to learn to live within our means and i mean the big companies too. because they get to hire the big tax lawyers, accountants who can d
ABC
Dec 8, 2012 7:00am PST
, would jeopardize the economy. fiscal cliff negotiations are now in the hands of just two people, president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer confidence plummeted. a lot of people attributing that to the gridlock in washington. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if we go over the cliff. federal agencies now working on reports for the white house, of the cuts they will make if we do actually go over the cliff. a diner, middle-class taxpayers and the vice president, telling republicans a deal to extend tax cuts for all but the wealthy is easy. >> the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. >> reporter: not really. even though the two sides are talking, they aren't making much progres
KCSMMHZ
Dec 7, 2012 5:30pm PST
their estimates. some analysts expected the job situation to improve but can't predict how bad the fiscal cliff will affect economic growth. here is dean maki at barclays capital. >> we had 146,000 jobs created. that are pretty much in line with the last two months and right in line with where we think the trend is right now. president obama's re-election clearly reduced one set of uncertainties which was who's going to win the election. we now know that he did win, but it hasn't reduced the uncertainty surrounding the fiscal cliff and what's going to happen there. if the full fiscal cliff were to occur, we'd expect a much worse outcome. probably a contraction in the 1% to 2% range in the first half of 2013. this is a very important issue. the economy was performing reasonably well in the months leading up to the potential fiscal cliff. we saw that in the job numbers for november. we've also seen it in the gdp numbers for the third quarter which rose 2.7% annualized. that doesn't ensure us against a downturn if the fiscal cliff does occur. >>> parliamentary endorsement of the plan will likely p
Search Results 0 to 7 of about 8 (some duplicates have been removed)